Eurogroup
Economy
EC: Greece Must Reach Deal Before Cash Runs Out
Greece must rush to complete the fifth review in order to conclude negotiations and reach an agreement before it runs out of cash. That was the message sent to Athens after Monday's Eurogroup.
Eurogroup President Jeroen Dijsellbloem said, "There is...
Economy
Varoufakis: Greece Will Have Serious Liquidity Problem in a 'Couple of Weeks'
Greek Finance Minister Yanis Varoufakis admitted that Greece may have a serious liquidity problem after two weeks. The statement was made after Monday's Eurogroup meeting in Brussels.
Varoufakis said, "The liquidity issue is a terribly urgent issue. It's common knowledge,...
Economy
Varoufakis: We Aim to Bridge the Previous Program with the one of SYRIZA
During the past few months the Greek government was striving, negotiating and working day and night to find a redeeming agreement, Greek Finance Minister Yanis Varoufakis told reporters after a Eurogroup meeting in Brussels on Monday.
The minister noted that...
Economy
Eurogroup Hails Greek Progress, Says More Work Needed
Eurozone finance ministers welcomed progress achieved in negotiations between Greece and its creditors on a cash-for-reform deal but said more work is needed to bridge differences holding up a comprehensive agreement.
Eurogroup statement on Greece
The Eurogroup today took stock of the...
Economy
Greece Pays 750-Million-Euro Installment to IMF
The Greek government paid the latest 750-million-euro installment to the International Monetary Fund, according to Reuters. The agency spoke with two Greek Finance Ministry officials who confirmed the news.
"The order to pay the IMF has been executed," a senior...
Greece
New Democracy: The Greek Government Has Put the Party Above National Interests
Main opposition New Democracy spokesperson Costas Karagounis on Monday left open all possibilities as far as it concerns the party's stance towards the agreement between the Greek government and its creditors.
In statements to ANA-MPA, Karagounis spoke of a rather...
Economy
Greek Government Spokesman: 'Definitely No to New Memorandum'
Greek Government spokesman Gavriil Sakellaridis, in his briefing to the press on Monday, reiterated the government's position and its effort for a mutually beneficial agreement within the "red lines" that will respect the people's mandate.
He noted that the aim...
Economy
Varoufakis: Solution Visible, if Europe Shows Political Will
"The government has done what is humanly possible. Now the solution depends entirely on the political will of creditors," said Greek Finance Minister Yanis Varoufakis on Monday.
Varoufakis spoke to Red radio station right before he flew out to Brussels...
Europe
Only A Marshall Plan Can Save the Euro
The European Investment Bank should use its financial power to make investments in infrastructure not only jumpstart the sinking Greece economy but also many other recession-plagued countries across the Continent.
Greece
Poll: 66% of Greeks Favor Deal, 31% Want Rift with Europe
A new opinion poll shows that 66 percent of Greek citizens want the government to come to an agreement with international creditors, while almost 31 percent would like a rift with Europe.
The poll was conducted by MARC and also...